Fastenal (NASDAQ:FAST) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in Fastenal (NASDAQ:FAST - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,256,767 shares of the company's stock after selling 17,809 shares during the quarter. Blair William & Co. IL owned 0.57% of Fastenal worth $234,194,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HB Wealth Management LLC increased its holdings in shares of Fastenal by 1.2% in the 4th quarter. HB Wealth Management LLC now owns 11,674 shares of the company's stock valued at $840,000 after acquiring an additional 142 shares during the last quarter. Cozad Asset Management Inc. grew its stake in Fastenal by 5.5% during the 4th quarter. Cozad Asset Management Inc. now owns 2,985 shares of the company's stock worth $215,000 after buying an additional 155 shares during the last quarter. Checchi Capital Advisers LLC increased its position in Fastenal by 2.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 7,008 shares of the company's stock worth $504,000 after buying an additional 164 shares during the period. Geneos Wealth Management Inc. increased its position in Fastenal by 8.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,038 shares of the company's stock worth $147,000 after buying an additional 166 shares during the period. Finally, Resonant Capital Advisors LLC lifted its stake in Fastenal by 1.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 14,270 shares of the company's stock valued at $1,026,000 after buying an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company's stock.

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Fastenal Price Performance

NASDAQ FAST traded up $0.74 during mid-day trading on Monday, hitting $76.91. The stock had a trading volume of 1,067,171 shares, compared to its average volume of 3,051,937. The company has a 50 day simple moving average of $75.35 and a 200 day simple moving average of $75.98. The company has a quick ratio of 2.28, a current ratio of 4.67 and a debt-to-equity ratio of 0.03. The company has a market cap of $44.11 billion, a price-to-earnings ratio of 38.29, a P/E/G ratio of 3.58 and a beta of 1.05. Fastenal has a 52-week low of $61.36 and a 52-week high of $84.88.

Fastenal (NASDAQ:FAST - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.84 billion. Fastenal had a return on equity of 32.55% and a net margin of 15.25%. Fastenal's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Equities analysts forecast that Fastenal will post 2.15 EPS for the current fiscal year.

Fastenal Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, January 31st were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.72 dividend on an annualized basis and a yield of 2.24%. This is a positive change from Fastenal's previous quarterly dividend of $0.39. Fastenal's dividend payout ratio is presently 85.57%.

Wall Street Analyst Weigh In

FAST has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on shares of Fastenal from $86.00 to $82.00 and set a "hold" rating on the stock in a report on Tuesday, January 21st. Wolfe Research upped their target price on shares of Fastenal from $74.00 to $76.00 and gave the company an "underweight" rating in a report on Thursday, January 16th. Jefferies Financial Group raised their price target on Fastenal from $74.00 to $85.00 and gave the stock a "hold" rating in a report on Friday, December 6th. HSBC downgraded Fastenal from a "hold" rating to a "reduce" rating and set a $70.00 price objective for the company. in a research note on Wednesday, December 11th. Finally, Hsbc Global Res downgraded Fastenal from a "hold" rating to a "moderate sell" rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $76.91.

Fastenal Profile

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines.